Solution-Construct a 2011 cash flow statement for this firm

Construct a 2011 cash flow statement for this firm

Reference no: EM13569175

Cash flows: Analysts following the Tomkovick Golf Company were given the following balance sheet information for the years ended June 30, 2011 and June 30, 2010:

Assets	2011	2010
Cash and marketable securities	$33,411	$16,566
Accounts receivable	260,205	318,768
Inventory	423,819	352,740
Other current assets	41,251	29,912
Total current assets	$758,686	$717,986
Plant and equipment	1,931,719	1,609,898
Less: Accumulated depreciation	(419,044)	(206,678)
Net plant and equipment	$1,512,675	$1,403,220
Goodwill and other assets	382,145	412,565
Total assets	$2,653,506	$2,533,771
Liabilities and Equity	2011	2010
Accounts payable and accruals	$378,236	$332,004
Notes payable	14,487	7,862
Accrued income taxes	21,125	16,815
Total current liabilities	$413,848	$356,681
Long-term debt	679,981	793,515
Total liabilities	$1,093,829	$1,150,196
Preferred stock	-	-
Common stock (10,000 shares)	10,000	10,000
Additional paid-in capital	975,465	975,465
Retained earnings	587,546	398,110
Less: Treasury stock	13,334
Total common equity	$1,559,677	$1,383,575
Total liabilities and equity	$2,653,506	$2,533,771

In addition, it was reported that the company had a net income of $3,155,848 and that depreciation expenses were equal to $212,366 during 2011.

Construct a 2011 cash flow statement for this firm.
Calculate the net cash provided by operating activities for the statement of cash flows.
What is the net cash used in investing activities?
Compute the net cash provided by financing activities.

Reference no: EM13569175

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Construct a 2011 cash flow statement for this firm

Reference no: EM13569175

Reference no: EM13569175

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